Social Security and Other Legislation Amendment (Pension Reform and Other 2009 Budget Measures) Act 2009 (60 of 2009)

Schedule 4   Pension supplements

Part 2   Amendment of Rate Calculators

Social Security Act 1991

25   Section 1068A (Module BA)

Repeal the Module, substitute:

Module BA - Pension supplement

Pension supplement

1068A-BA1 A pension supplement amount is to be added to the person's maximum basic rate.

Residents of pension age who are in Australia etc.

1068A-BA2 If the person is residing in Australia, has reached pension age and:

(a) is in Australia; or

(b) is temporarily absent from Australia and has been so for a continuous period not exceeding 13 weeks;

the person's pension supplement amount is:

(c) if an election by the person under subsection 1061VA(1) is in force - the amount worked out under point 1068A-BA4; and

(d) otherwise - the amount worked out under point 1068A-BA3.

Residents of pension age in Australia etc. - no election in force

1068A-BA3 The person's pension supplement amount is the amount worked out by:

(a) working out 66.33% of the combined couple rate of pension supplement; and

(b) if the result is not a multiple of $2.60, rounding the result up or down to the nearest multiple of $2.60 (rounding up if the result is not a multiple of $2.60 but is a multiple of $1.30).

Note: For combined couple rate of pension supplement , see subsection 20A(1).

Residents of pension age in Australia etc. - election in force

1068A-BA4 The person's pension supplement amount is the amount worked out as follows:

(a) work out the amount for the person under point 1068A-BA3 as if the election were not in force;

(b) from that amount, subtract the person's minimum pension supplement amount.

Other persons

1068A-BA5 If the person is not covered by point 1068A-BA2, the person's pension supplement amount is the person's pension supplement basic amount.